Spot gas prices were sharply higher on Monday as 2.9 Bcf/d of Gulf of Mexico gas production remained shut in, according to the latest report from the Minerals Management Service (MMS). Several gas processing plants remained down and some Gulf pipelines, particularly Southern Natural and Tennessee Gas, continued to have difficulty returning to normal flows because of damage suffered during Hurricane Ivan.
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Report Calculates $111 Billion Increase in Natural Gas Costs in Last 41 Months
It’s no secret natural gas prices flew through the roof a few years ago and still remain well above the historical ceiling, but few would believe that over the last 41 months gas consumers (residential, commercial and industrial) have paid $111 billion more than they had the previous 41 months.
December 4, 2003
Raymond James Convinced of $5/Mcf for ‘Several Years’
A change in the way the National Oceanic Atmospheric Administration (NOAA) calculates population-weighted temperatures (or degree days) for natural gas consumption has given the gas price bears reason to believe U.S. gas prices will fall back to $4/Mcf or lower, but Raymond James analysts counter that demand trends suggest that regardless of the weather, the United States is likely to end next winter at the low end of the historical range for gas storage.
July 21, 2003
Raymond James Convinced of $5/Mcf for ‘Several Years’
A change in the way the National Oceanic Atmospheric Administration (NOAA) calculates population-weighted temperatures (or degree days) for natural gas consumption has given the gas price bears reason to believe U.S. gas prices will fall back to $4/Mcf or lower, but Raymond James analysts counter that demand trends suggest that regardless of the weather, the United States is likely to end next winter at the low end of the historical range for gas storage.
July 15, 2003
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